Oracle to raise $50B as AI debt piles up(www.marketwatch.com)
38 pointsby zerosizedweasle9 hours ago3 comments
  • Thev00d006 hours ago
    Oracle were 40B in profit in 2024.

    Now they are out raising debt (again) and equity too, to fund DCs and hardware with no proven return.

    I cannot comprehend it.

    • dolphinscorpion3 hours ago
      Other than ego, maybe he sees the writing on the wall for his core business? But seeing all these new AI companies being valued at hundreds of billions must have driven Ellison crazy
      • Ekaros3 hours ago
        Correct business moves would have been to get Oracle products in all possible AI outputs... Not sure how that could be done, but still an idea.
    • Ekaros6 hours ago
      Me neither. Isn't that enough? Does the line always have to go up? It really look like stock market and tech companies are classic gamblers. No gain or profit is good enough to just take it and stop.
      • pjmlp3 hours ago
        Unfortunely yes, that is the MBA school, and then when the gamble fails, it is the employees that get shown the door, because company XYZ did not met their targets.

        CEO might even get a bonus as payoff for a risky move, from shareholders point of view, go figure this logic.

  • nubinetwork6 hours ago
    How's that tiktok purchase going for you, Larry?
    • Gud5 hours ago
      It curried favor, gained him an immense amount of data and I’m suspecting is a source of revenue from various black intelligence projects.
      • conartist63 hours ago
        None of that matters if you run out of money to keep the lights on
        • hu324 minutes ago
          He has nearly limitless money and is positioning to continue like that on the foreseeable future by using others money to invest
        • Gud2 hours ago
          Is he running out of money though?
        • moralestapiaan hour ago
          >Larry Ellison

          >Running out of money

          You probably don't much about know the guy, in which case I recommend reading a bit about his business background.

    • dolphinscorpion3 hours ago
      Greatest investment of his life, probably. A couple of billion and immense leverage with Trump. (they were many investors)